Multichain

DeFi

USDC

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<div class="key-points-section">
 <b>Key Points:</b>
 <ul>
  <li>User withdraws $85,740 USDC from frozen Multichain funds.</li>
  <li>Rabby Wallet facilitates asset recovery from DeFi protocols.</li>
  <li>Singapore High Court approved Multichain liquidation in May 2025.</li>
 </ul>
</div>
<p>On December 22, a user retrieved $85,740 USDC through Rabby Wallet’s functionality, following Multichain's liquidation in Singapore and amidst ongoing US legal asset freezes.</p>
<p>This retrieval demonstrates asset recovery possibilities in DeFi, as some funds become accessible post-hack and liquidation. Implications for affected users continue to unfold.</p>
<h2 id="user-recovers-frozen-85-740-usdc-from-multichain-incident">User Recovers Frozen $85,740 USDC from Multichain Incident</h2>
<p><strong>A user managed to withdraw $85,740 USDC</strong> through Rabby Wallet, months after the funds were initially frozen. This development arises from a broader effort to retrieve assets affected by the Multichain failure, which led to the freeze.</p>
<p><strong>The Multichain incident, impacting over $125 million, has led to significant repercussions.</strong> KPMG's appointment as a liquidator marks progress toward fund recovery for users, emphasizing the importance of regulatory and institutional actions in post-incident fund management. "This case highlights the critical role of legal interventions in ensuring asset recovery in complex financial ecosystems," stated a representative from KPMG.</p>
<p><strong>Overall, there have been multiple industry reactions.</strong> The continuation of asset freezing under US court authority provides a critical framework for proper asset recovery. The lack of public statements from prominent industry figures suggests a focus on procedural and legal outcomes.</p>
<h2 id="cross-jurisdictional-cooperation-key-to-asset-recovery">Cross-Jurisdictional Cooperation Key to Asset Recovery</h2>
<p><strong>Did you know?</strong> In similar incidents, financial recovery operations post-liquidation often necessitate extensive legal cooperation, as evidenced by the joint efforts of Singapore and US authorities in the Multichain case.</p>
<p>As of December 22, 2025, USDC’s <strong>market cap is $77.12 billion</strong> with a <strong>2.58% dominance</strong>. The stablecoin priced at <strong>$1.00 has shown negligible price fluctuations across various time frames</strong>, according to <a href="https://phemex.com/onchain/derivatives" rel="noopener noreferrer nofollow">CoinMarketCap</a>. Over 77 billion tokens circulate with an unrestricted supply.</p>
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  USDC(USDC), daily chart, screenshot on CoinMarketCap at 21:12 UTC on December 22, 2025. <em>Source: <a href="https://coinmarketcap.com/currencies/usd-coin/" rel="noopener noreferrer nofollow">CoinMarketCap</a></em>
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<p><strong>Insights from the Coincu research team suggest the Multichain asset freeze demonstrates a growing regulatory landscape</strong>, with potential impacts on <strong><a href="https://coincu.com/news/china-stablecoins-halt-digital-yuan/" rel="noopener noreferrer nofollow">stablecoin market operations worldwide</a></strong>. <strong>This may lead to increased scrutiny and asset recovery innovations across the DeFi ecosystem.</strong></p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow"> this website</a> is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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User Withdraws $85,740 USDC From Frozen Funds

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